The Right Place and the Right Time and You Can Make a Killing in Playa…
In my 13-plus years scouting Playa del Carmen’s real estate market I’ve only made two recommendations. Four years ago, I recommended condos in A-nah Playa.
By Ronan McMahon
AFR
In my 13-plus years scouting Playa del Carmen’s real estate market I’ve only made two recommendations. Four years ago, I recommended condos in A-nah Playa.
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Our Siempre Playa opportunity is open. I think it’s our best Playa opportunity yet. Buyers at Siempre Playa are set to make a killing. Just like buyers at A-nah Playa who have seen values rise from $136,500 to $210,000 and who could be grossing $24,000 a year in income.
In the coming weeks, we’ll be able to lock down full-ownership of a luxury condo here in Cabo for just $226,200 thanks to a very particular set of circumstances. I’ll explain more in the May Issue of RETA…
We stopped to watch giant oxen pull wood from the forest. When it comes time to plough, it will be these oxen that drag the machinery under the gaze of a single man who directs their movements with a stick.
A lot of farmland and agri-deal pitches cross my desk. The pitch is always the same: This will make you rich. The opportunity is usually presented as ready-to-go. You won’t have to worry about finding or assessing the land or selling the agricultural product. In fact, you won’t have to do much other than put some money up and wait for the returns to start rolling in.
But the reality of these deals is very different. Most of the time, the numbers just don’t stack up. If you’re thinking of investing in agricultural land, it’s important that you can sort the wheat from the chaff. You do that by asking the right questions.
It was 2009 and as Spain’s economy had cratered and unemployment soared, the real estate market stalled. One wealthy Russian thought he could buck the trend. He had one of the best combinations of location and spectacular views on the Costa del Sol…and deep pockets. The homes were built…but never sold. And this has created one of the strongest Costa del Sol opportunities I have ever brought to RETA.
We have an opportunity (strictly limited to four members of our group) to buy a luxury Cabo resort home for $363,719. That’s serious value. The retail price is a whopping $195,634 more—$559,354. That’s how much someone who walks in off the street will pay.
Scattered around the globe are a few dozen destinations that have been seducing the jet set for many decades. Glamorous Monaco. The ski slopes of Gstaad. The Hamptons.